101
101
Jul 21, 2010
07/10
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many people have mentioned the madoff case. i should point out that that should have been detected in the first 50 minutes of preeti. the first -- review. the first thing that should happen is to look at the auditors' report. that would raise the issue, is the auditor large enough to do the audit? madoff would have been detected in 50 minutes if that question would have been asked. i hope some financial statements be reviewed by broker-dealers investment advisers, etc. and that should include the most basic question that is, who is the auditor? are they qualified to do the audit? i want to focus on credit rating agencies. the chairman has excellent language that will be assigned a tomorrow. it may not bryan -- be effective immediately. they really do not have the fed until the sec takes action. the first of these is to make sure it the agencies are fair. right now have a circumstance where bonds of corporate issuers get one set of grades. i think there are misled into the the corporate our butter. when an issuer defaults its re
many people have mentioned the madoff case. i should point out that that should have been detected in the first 50 minutes of preeti. the first -- review. the first thing that should happen is to look at the auditors' report. that would raise the issue, is the auditor large enough to do the audit? madoff would have been detected in 50 minutes if that question would have been asked. i hope some financial statements be reviewed by broker-dealers investment advisers, etc. and that should include...
332
332
Jul 15, 2010
07/10
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CSPAN
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eye 332
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we cannot have any more bernie madoffs making money out of our hard-earned dollars. host: tennessee, lacy, democrats line. caller: i would just like to address the middle class and the port. -- poor. what's -- what can the republicans do? have you listened to their proposals like raising social security age on people and things like that? i am 66 years old and i can remember harry truman's time vaguely, then they got eisenhower in there and for a couple of years things were not so bad and then a recession. wh little few commodities gave dabbled out, some of us start to death until kennedy got in there. host: on your concern about the middle class and the poor. guest: item with you on that, especially when you speak about social security -- i am with you on that. i wish that you can tell me talk to young people so they understand how you feel about social security. young americans are sold a lie, telling them it will not be there for them when they become older and move on to retirement. for the next 30 years, social security is probably the sound is program we had in
we cannot have any more bernie madoffs making money out of our hard-earned dollars. host: tennessee, lacy, democrats line. caller: i would just like to address the middle class and the port. -- poor. what's -- what can the republicans do? have you listened to their proposals like raising social security age on people and things like that? i am 66 years old and i can remember harry truman's time vaguely, then they got eisenhower in there and for a couple of years things were not so bad and then...
251
251
Jul 4, 2010
07/10
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CSPAN
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eye 251
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caller: i understand what is going on, but the same thing happens with the madoff ponzi scheme, with 9/11. we are not focusing on because of the problem. the government is the cause of the problem. you should be investigating how this actually happened, not the aftereffects. we know the disaster. we know the oil spill. basically, we have different branches of government, and the media is the fourth branch of government. you guys are covering up the cause of this problem so it does not happen again. what can we not just focus on what caused the accident? who prevented states from helping clean this thing up one of very first happened? it prevented us from letting this oil even hit the shore lines? this is the aftermath of it all. this is the same thing that happened with nuclear power in this country, with three mile island. that shut down that system. we are doing the same thing with this oil. you are using it to your advantage -- host: mr. harrison? guest: the caller has a good point. we left -- we, the nation -- so we could keep oil and gas prices down. that is all of us. i have ye
caller: i understand what is going on, but the same thing happens with the madoff ponzi scheme, with 9/11. we are not focusing on because of the problem. the government is the cause of the problem. you should be investigating how this actually happened, not the aftereffects. we know the disaster. we know the oil spill. basically, we have different branches of government, and the media is the fourth branch of government. you guys are covering up the cause of this problem so it does not happen...
136
136
Jul 3, 2010
07/10
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eye 136
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this is the kind of accounting that could make bernie madoff blush. here we are, members of the united states senate and house, getting ready to pass this. i do not understnd it. it is still a tax. it is a tax that all of them is going to lead to less credit, more expensive credit, and fewer jobs. that is what this is all about. i yield back. >> the gentlewoman from illinois. >> thank you. i am concerned about the fact that we did not receive this amendment. i can remember when tarp first came up in the house and the first bill really did not have the accountability. most of us voted against it. then there is this crisis if the market was going to change, it could never recover. i can remember calling senator gregg about that in saying, how are we going to ensure that there is accountability? what he said was, the money that comes from park definitely goes to the debt. i think they've always counted on that. many of us voted for that reason. now we are going to say that the tarp moneis going to pay for this the bill. what worries me is that pete peter
this is the kind of accounting that could make bernie madoff blush. here we are, members of the united states senate and house, getting ready to pass this. i do not understnd it. it is still a tax. it is a tax that all of them is going to lead to less credit, more expensive credit, and fewer jobs. that is what this is all about. i yield back. >> the gentlewoman from illinois. >> thank you. i am concerned about the fact that we did not receive this amendment. i can remember when tarp...